Tesla CEO Elon Musk Believes Not Just Cars, All Modes Of Transport Will Be Electric In Future, With This Exception

Anan Ashraf

August 15, 2024

Tesla Inc. CEO Elon Musk said on Wednesday that all transportation will be powered by electricity in the future, except rockets.

What Happened: Musk expressed his dream for an all-electric future in response to a video of an electric boat shared on X.

Musk’s Tesla already makes only electric cars. The company started operations of a battery electric shuttle train in Berlin to take employees from Erkner railway station in Brandenburg to its sole European gigafactory earlier this month.

However, earlier this week, Musk agreed with a Tesla employee that electric trains are not the “future of transit” unlike supersonic passenger gets, hyperloop, flying taxis, or self-driving cars. Electric trains are the options of the present and have existed for a long time, the employee noted.

All transport will be electric, except for rockets
— Elon Musk (@elonmusk) August 14, 2024

Why It Matters: Tesla is currently the world’s largest BEV seller. In the last quarter, Tesla delivered 443,956 battery-electric vehicles. In comparison, Chinese EV giant BYD Co Ltd., backed by Warren Buffett’s Berkshire Hathaway, sold only 426,039 in the three months from April to June.

However, earlier this week, Musk warned against vilifying the oil and gas industry in an interview with Republican presidential candidate Donald Trump.

"I don’t think we should vilify the oil and gas industry and the people that have worked very hard in those industries to provide the necessary energy to support the economy,” the billionaire said.

The billionaire suggested there is leeway for the oil and gas industry to co-exist with new-energy ventures as the planet Earth slowly and steadily transitions to sustainable energy.

"So it’s not like the house is on fire immediately," the Tesla CEO said about the risk of climate change, adding, "It’s probably better to move there faster than slower. But like without vilifying the oil and gas industry and without causing hardship in the short term.”

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read More:

NASA To Finalize Decision On Return Of Sunita Williams, Butch Wilmore From ISS By Late August, Says Boeing Starliner's Homecoming Without Astronauts Won't Be Labeled ';Mishap'

Photo courtesy: Shutterstock

Recommended

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

Elon Musk Drops Stunning Bombshell? - Ad

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

NEW YORK (AP) — Give Marjorie Taylor Greene credit where it’s due: As stocks tanked on tariff fears, she showed her faith in the president not just with words but dollar bills.

One Coin to Rule Them All...

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Trump nominee withdraws after her criticism of the Jan. 6 Capitol attack surfaces

BILLINGS, Mont. (AP) — President Donald Trump's nominee to oversee an agency that manages has withdrawn her nomination following revelations that she criticized the Republican president in 2021 for inciting the Jan. 6 attack on the U.S. Capitol.

Prince Harry appeals the loss of his UK security detail

LONDON (AP) — wants his British security detail restored and is taking his case to an appeals court.

Putting Your Name on This List Could Hand You $1,270 on Friday

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

Despite a court order, White House bars AP from Oval Office event

Despite a court order, a reporter and photographer from The Associated Press were barred from an Oval Office news conference on Monday with President Donald Trump and his counterpart from El Salvador, Nayib Bukele.

Trump meets with the House GOP as his 'big' bill of tax breaks and spending cuts teeters

WASHINGTON (AP) — found himself in a familiar jam on Tuesday: Conservative Republican holdouts are stalling action on "big” bill of tax breaks and spending reductions, refusing to accept approved over the weekend because it doesn't cut enough.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Crypto Attorney Sues US Government To Unmask Satoshi Nakamoto, Creator Of Bitcoin

In another interesting twist in the Satoshi Nakamoto saga, cryptocurrency lawyer James Murphy sued the U.S. government in an attempt to determine the identity of the pseudonymous Bitcoin (CRYPTO: BTC) creator.

FDA Approves Dexcom's 15-Day Wearable Glucose Management System. Company Plans US Launch

Dexcom G7 15-Day CGM approved by FDA for adults with diabetes; U.S. launch set for late 2025 with extended wear and advanced tracking features.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Company plans to restart Keystone Pipeline after oil spill in rural North Dakota

BISMARCK, N.D. (AP) — The operator of the said it planned to restart the system Monday after a last week shut down the line.

$74 Billion Wiped Out Since Tariff Declaration - See How Much The Billionaires Lost

In a significant market downturn since President Trump announced new tariffs worldwide, the world's wealthiest individuals have seen their fortunes shrink by $74 billion.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Expect more fake eggs made of colored marshmallows or even potatoes on this year's Easter spread

MISSION, Kan. (AP) — With egg prices high, the internet has offered up a host of alternatives, with crafters painting rocks and influencers dyeing everything from marshmallows to potatoes.

PepsiCo agrees to meet with Al Sharpton over DEI cuts, potential boycott

Leaders at PepsiCo have agreed to meet this week with civil rights advocates from the National Action Network to discuss the company's recent decision to roll back some of its diversity, equity, and inclusion initiatives, the Reverend Al Sharpton said on Monday.

No.1 Opportunity for 2025 [Take Action Now!]

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

China's exports jump 12.4% and imports fell as Trump pushed US tariffs higher

BANGKOK (AP) — China's exports jumped 12.4% in March from a year earlier as companies rushed to beat increases in U.S. tariffs imposed by U.S. President Donald Trump, the government said Monday.

Stocks Edge Up On Strong Bank Earnings, Netflix Soars, Dollar Rebounds: What's Driving Markets Tuesday?

Wall Street gained ground by midday trading on Tuesday, as investor concerns over the economic impact of trade tensions continued to ease following recent signs that the Trump administration was taking a more conciliatory approach.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

What's Going On With Starwood Property Trust Stock On Friday?

Starwood Property Trust affiliate Starwood Capital acquires $800M Texas housing portfolio from Hines.

Apple Tops Global Smartphone Sales With 19% Share, Boosted By iPhone 16e, Emerging Market Growth

Apple tops global smartphone sales in Q1 with 19% share, helped by iPhone 16e launch and growth in emerging markets. Samsung follows with 18% share. Tariffs may impact market decline in 2025.

Nvidia Is About to Shock the World: July 23rd

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Internal Revenue Service agrees to send immigrant tax data to ICE for enforcement

WASHINGTON (AP) — The has agreed to share immigrants' tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S., according to a document signed by Treasury Secretary Scott Bessent and Department of Homeland Security Secretary Kristi Noem.

Powell says Federal Reserve can wait on any interest rate moves

WASHINGTON (AP) — The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration before making any changes to interest rates, Chair Jerome Powell said Wednesday.

These Stocks Weren't Built to Survive Tariffs

These Stocks Weren't Built to Survive Tariffs - Ad

The old Wall Street plan--own the giants, live off dividends--no longer works. The 2025 trade war shattered that world. Many "safe" income stocks are now at risk. But a smarter income strategy is emerging. See how to protect and grow your income in this new video.

SpaceX Launches 27th Falcon 9 Rocket From Florida, Adds 27 Starlink Satellites To Orbit

Elon Musk's SpaceX sets record of 27 successful launches and landings of Falcon 9 rocket, adding 27 Starlink satellites to its constellation

Ming-Chi Kuo Warns Semiconductor Stocks Face Near-Term Risks Under Trump Tariff Policy: Even Apple's $500 Billion US Investment Didn't Buy It Leniency

Ming-Chi Kuo warns that Trump's semiconductor tariffs pose significant risks for stocks, highlighting that even Apple's $500 billion U.S. investment didn't secure leniency from the aggressive policy.

Maverick Trader Reveals 97% Accurate System

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Bitcoin 11% Away From Falling Below Strategy's Average Buying Price, But Michael Saylor's Confidence In Apex Crypto Remains Intact

Strategy Inc. (NASDAQ:MSTR) risked incurring unrealized losses on its Bitcoin (CRYPTO: BTC) purchases, yet co-founder Michael Saylor remains bullish on the apex cryptocurrency.

Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

WASHINGTON (AP) — The Trump administration plans to eliminate the IRS' program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.

Trump Exec Order to Restore Wealth for American Citizens?

Trump Exec Order to Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

The Latest: China vows countermeasures over Trump tariffs as trade war threatens to intensify

China says it will and take countermeasures against the United States to safeguard its own interests after an additional 50% tariff on Chinese imports.

Ripple's Crypto Warning, Circle's IPO Ambitions, And Bitcoin's Anticipated Surge: This Week In Crypto

The weekend saw major developments in the cryptocurrency world, including Ripple's concerns over the UK's crypto regulations, Circle's plans for a $5 billion IPO, Anthony Pompliano's praise for Trump's tariffs as a catalyst for crypto, and expectations of a Bitcoin price surge following potential monetary easing by the Fed.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Michigan Democratic Gov. Whitmer strays from her party in moving closer to Trump

LANSING, Mich. (AP) — Michigan Gov. Gretchen Whitmer delivered a speech emphasizing points of agreement with President on economic policy, just hours before their scheduled meeting — a reflection of the high-profile Democrat’s more toward the president as her party ramps up its attacks on him.

Last week's top performers: SMMT, HMY, AU, CVNA, HOOD, NEM, AVGO, GFI, KGC, CEG. Are they in your portfolio? #stockmarket #investing

The Most Important "AI Stock" You've Never Heard Of

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Automakers focus on the global market, chide the US over tariffs at Shanghai's auto show

SHANGHAI (AP) — Booths of big Chinese, German and Japanese automakers were bustling at Shanghai’s auto show this week as the industry kept its focus on a wider global market not subject to steep on imports of cars and auto parts.

Trending Now